Question

for each of the following independent cases (1-4), compute the missing values

For each of the following independent cases (1-4), compute the missing values. (Enter all amounts Case 3 Case 4 Case 2 Case 1 $16,000 $7,000 $55,000 Beginning raw materials 33,312 Raw material purchases 24,500 63,000 Indirect materials issued Ending raw materials 1,200 1,000 1,400 2,000 46,750 4,500 2,800 26,976 27,000 Direct materials used Direct labor 61,625 40,600 80,700 270,865 72,800 24,864 Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process 74,320 151,200 65,200 51,260 57,400 33,000 118,050 194,600 159,600 71,380 412,950 Cost of goods manufactured Beginning finished goods Ending finished goods 41,520 100,800 198,600 112,000 60,200 183,400 419,700 Cost of goods sold 90,700 142,000

Answer 1

Correct Answer:

	Case 1	Case 2	Case 3	Case 4
Beginning raw material	$                     7,000.00	$           5,000.00	$      16,000.00	$      55,000.00
Raw material purchases	$                   63,000.00	$         24,500.00	$      33,312.00	$ 1,38,005.00
Indirect material issued	$                     1,400.00	$           2,000.00	$        1,200.00	$        1,000.00
Ending raw material	$                     2,800.00	$           4,500.00	$      23,536.00	$      46,750.00
Direct material used	$                   65,800.00	$         27,000.00	$      26,976.00	$ 1,47,255.00
Direct labour	$                   40,600.00	$         43,500.00	$      22,480.00	$      61,625.00
Manufacturing overheads	$                   72,800.00	$         80,700.00	$      24,864.00	$ 2,70,860.00
Total Current manufacturing costs	$               1,79,200.00	$     1,51,200.00	$      74,320.00	$ 4,79,740.00
Beginning Work in process	$                   57,400.00	$         65,200.00	$      30,060.00	$      51,260.00
Ending Work in process	$                   42,000.00	$         56,800.00	$      33,000.00	$ 1,18,050.00
Cost of goods manufactured	$               1,94,600.00	$     1,59,600.00	$      71,380.00	$ 4,12,950.00
Beginning finished goods	$               1,00,800.00	$         42,600.00	$      41,520.00	$ 2,05,350.00
Ending finished goods	$               1,12,000.00	$         60,200.00	$      22,200.00	$ 1,98,600.00
Cost of goods sold	$              1,83,400.00	$     1,42,000.00	$      90,700.00	$ 4,19,700.00

End of answer.

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